Index Trend Analysis Report
Prepared for you on Monday, May 23, 2022.
S&P 600 Transportation (Industry Group) (CME:SP600-2030)
Long-Term Downtrend (-90) - SP600-2030 is in a strong downtrend that is likely to continue. While SP600-2030 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SP600-2030?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP600-2030.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP600-2030
The long-term trend has been DOWN since Jan 24th, 2022 at 1742.31
The intermediate-term trend has been DOWN since May 12th, 2022 at 1538.60
The short-term trend has been DOWN since May 19th, 2022 at 1530.48
Smart Scan Analysis for SP600-2030
Based on our trend formula, SP600-2030 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1260.66||52wk High Date||2018-08-21|
|52wk Low||986.92||52wk Low Date||2018-10-26|